India rejects Chinese automaker BYD's $1b factory proposal

India rejects Chinese automaker BYD's $1b factory proposal

FILE PHOTO: The logo of BYD is pictured at the 2022 Paris Auto Show in Paris, France October 17, 2022. REUTERS/Stephane Mahe/

India has rejected Chinese automaker BYD Co’s proposal to set up a $1 billion factory  in India in partnership with Hyderabad-based Megha Engineering and Infrastructure Ltd, the Economic Times reported on Saturday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter